Ask Question
29 November, 19:12

Why would having information be a requirement for a purely competitive market?

+1
Answers (1)
  1. 29 November, 19:37
    0
    To no the prices of goods and service and to buy stuff at low prices.

    Explanation:

    A purely competitive market is a situation where multiplier sellers have homogeneous products. The availability of the information is very important in a purely competitive market in order to decide how many sellers are selling the same product and from where an individual can buy products at low prices. Availability of information means, no seller can earn abnormal profits.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Why would having information be a requirement for a purely competitive market? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers